Vivo to gain 300 stations in 9 African countries in Engen share transaction

Petroleum and energy company Vivo Energy, which represents oil multinational Shell’s brand of fuels and lubricants in Africa, will gain 300 service stations across nine African countries after it agreed to buys shares in oil multinational Engen International Holdings from Engen Holdings in exchange for a shareholding in Vivo Energy. The transaction, which is subject to regulatory approval, will expand Vivo’s network to more than 2 100 services stations across 24 African countries.